LIBERALIZÁCIA SVETOVÉHO OBCHODU: VÝZNAM A ÚČINKY REGIONÁLNYCH DOHÔD (NA PRÍKLADE EURÓPSKEJ ÚNIE A KANADY)

• Authors: Ružeková Viera

Title variants

EN

World trade liberalization and the importance of regional agreements using the example of the European Union and Canada

• Languages of publication: SK

Abstracts

EN

Deepening globalization of the world economy characterized by a growing volume of cross-border transactions of goods, services and capital, initiates an objective need for liberalization of international trade. Formation of preferential trading agreement, such as free trade agreements (FTAs), brings urgent need to assess and quantifies the effects of FTAs by General Equilibrium Model (CGE). CGE model was used to assess the effects of the upcoming Comprehensive Economic and Trade Agreement (CETA) between EU and Canada. The quantitative analysis estimates the potential economic effects of the full removal of tariffs on bilateral trade in goods, a partial reduction of the cost of non-tariff barriers on trade in goods, and a partial liberalization of bilateral trade in services. Canada and the EU launched negotiations for CETA in 2009, and have a target date of early 2012 for completing them.

Keywords

EN

CGE MODEL; FOREIGN TRADE; GLOBALISATION; LIBERALIZATION; REGIONAL AGREEMENT; QUANTITATIVE ANALYSIS; CANADA; EU

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2013
• Volume: 61
• Issue: 9
• Pages: 963 – 982

Contributors

author

Ružeková Viera

• Ekonomická univerzita v Bratislave, Obchodná fakulta, Katedra medzinárodného obchodu, Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic